Teamlease Services (India) Market Value
| TEAMLEASE | 2,862 36.00 1.24% |
| Symbol | Teamlease |
Teamlease Services 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Teamlease Services' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Teamlease Services.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Teamlease Services on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Teamlease Services Limited or generate 0.0% return on investment in Teamlease Services over 360 days. Teamlease Services is related to or competes with Newgen Software, Sonata Software, Paramount Communications, Speciality Restaurants, FCS Software, IdeaForge Technology, and ICICI Bank. Teamlease Services is entity of India. It is traded as Stock on NSE exchange. More
Teamlease Services Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Teamlease Services' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Teamlease Services Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.69 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.18 |
Teamlease Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teamlease Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teamlease Services' standard deviation. In reality, there are many statistical measures that can use Teamlease Services historical prices to predict the future Teamlease Services' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.18) |
Teamlease Services Backtested Returns
Teamlease Services owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.077, which indicates the firm had a -0.077% return per unit of risk over the last 3 months. Teamlease Services Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teamlease Services' Coefficient Of Variation of (1,531), risk adjusted performance of (0.04), and Variance of 2.93 to confirm the risk estimate we provide. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Teamlease Services' returns are expected to increase less than the market. However, during the bear market, the loss of holding Teamlease Services is expected to be smaller as well. At this point, Teamlease Services has a negative expected return of -0.13%. Please make sure to validate Teamlease Services' potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Teamlease Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Teamlease Services Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Teamlease Services time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Teamlease Services price movement. The serial correlation of -0.22 indicates that over 22.0% of current Teamlease Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 31.8 K |
Teamlease Services lagged returns against current returns
Autocorrelation, which is Teamlease Services stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Teamlease Services' stock expected returns. We can calculate the autocorrelation of Teamlease Services returns to help us make a trade decision. For example, suppose you find that Teamlease Services has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Teamlease Services regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Teamlease Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teamlease Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teamlease Services stock over time.
Current vs Lagged Prices |
| Timeline |
Teamlease Services Lagged Returns
When evaluating Teamlease Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teamlease Services stock have on its future price. Teamlease Services autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Teamlease Services autocorrelation shows the relationship between Teamlease Services stock current value and its past values and can show if there is a momentum factor associated with investing in Teamlease Services Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Teamlease Stock
Teamlease Services financial ratios help investors to determine whether Teamlease Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Teamlease with respect to the benefits of owning Teamlease Services security.